Thales Cloud Protection & Licensing

JANUARY 16, 2024

Key recommendations for Financial Services to improve cybersecurity and resilience in multi-clouds madhav Wed, 01/17/2024 - 05:46 The Digital Operational Resilience Act (DORA) will apply to the EU financial sector from 17 January 2025. In short, cyber shedding requires to encrypt data and control the encryption key separately in a KMS.

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Financial Services Cloud Cybersecurity Encryption 83

Data Matters

JANUARY 14, 2019

On December 19, 2018, Ohio adopted the National Association of Insurance Commissioners’ (NAIC) Insurance Data Security Model Law. The Act is designed to “establish standards for data security and for the investigation and notification to the Superintendent of Insurance of a cybersecurity event.”.

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Insurance Security Cybersecurity Data breaches 68

Data Matters

FEBRUARY 11, 2019

On December 28, 2018, Michigan adopted the National Association of Insurance Commissioners’ (NAIC) Insurance Data Security Model Law in the form of Michigan H.B. The Act defines licensees as persons authorized, registered, or licensed under Michigan insurance laws or required to be so. Exclusive State Cybersecurity Standards.

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Insurance Security Cybersecurity FOIA 68

Hunton Privacy

FEBRUARY 25, 2021

As reported on the Hunton Insurance Recovery blog , on February 4, 2021, the New York Department of Financial Services (“NYDFS”), which regulates the business of insurance in New York, has issued guidelines, in the Insurance Circular Letter No. sought coverage for expenses under its property insurance policy.

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Insurance Cybersecurity Risk Education 70

eSecurity Planet

OCTOBER 18, 2022

However, even with the best planning, organizations can find a few users, machines, or systems that were overlooked or whose backup may be corrupted or encrypted. First, call the cyber insurance company that issued the organization’s cybersecurity policy. Insured companies often will not have options.

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Ransomware Encryption Insurance Access 144

Data Matters

JUNE 23, 2022

Kentucky and Maryland recently continued the trend of state insurance departments adopting some version of the National Association of Insurance Commissioners’ (“NAIC”) Insurance Data Security Model Law. Kentucky Governor Andy Beshear signed House Bill 474 into law, and Maryland Governor Larry Hogan signed SB 207.

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Insurance Security Cybersecurity Information Security 103

Data Matters

JULY 30, 2018

In October 2017, the National Association of Insurance Commissioners (NAIC) adopted an Insurance Data Security Model Law. On May 3, 2018, South Carolina became the first state to enact this Model Law, in the form of the South Carolina Insurance Data Security Act (H.B. See CT Gen Stat § 38a-999b (2015) ; 23 NYCRR 500.

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Security Affairs

APRIL 10, 2024

The Group Health Cooperative of South Central Wisconsin (GHC-SCW) is a non-profit organization that provides health insurance and medical care services to its members in the Madison metropolitan area of Wisconsin. “The attacker attempted to encrypt GHC-SCW’s system but was unsuccessful.”

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Data breaches e-Discovery Ransomware Insurance 116

Thales Cloud Protection & Licensing

OCTOBER 5, 2022

Global October Cybersecurity Events: Where You Can Find Thales. The summer is now over, and October is a month full of cybersecurity events for Thales around the world. On 26 October , we co-host a workshop on cybersecurity insurance with Infinigate. Thu, 10/06/2022 - 06:55. GITEX GLOBAL, 10-14 October, Dubai.

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Cybersecurity Cloud Digital transformation Sales 87

Krebs on Security

AUGUST 29, 2019

-based PerCSoft is a cloud management provider for Digital Dental Record (DDR), which operates an online data backup service called DDS Safe that archives medical records, charts, insurance documents and other personal information for various dental offices across the United States. PercSoft did not respond to requests for comment.

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Ransomware Insurance Encryption Cloud 221

HL Chronicle of Data Protection

MAY 13, 2019

In the past two years, multiple state bills that have been introduced in the US to provide for cybersecurity requirements and standards to the insurance sector, with recent legislative activity taking place in particular within the States of Ohio, South Carolina, and Michigan.

Insurance 40

Insurance Cybersecurity Data breaches Financial Services 40

eSecurity Planet

OCTOBER 14, 2022

Also read: The State of Blockchain Applications in Cybersecurity. So yes, Web3 has become a fierce battleground for cybersecurity. A cybersecurity company that has leveraged its own systems for this category is Proofpoint. There are also plenty of cybersecurity startups that are focused on Web3 security.

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Cybersecurity Blockchain Insurance Security 120

Data Matters

AUGUST 19, 2020

On July 21, 2020, the New York State Department of Financial Services (NYDFS or the Department) issued a statement of charges and notice of hearing (the Statement) against First American Title Insurance Company (First American) for violations of the Department’s Cybersecurity Requirements for Financial Services Companies, 23 N.Y.C.R.R.

Financial Services 68

Financial Services Cybersecurity Insurance Risk 68

Hunton Privacy

JULY 24, 2020

On Wednesday, July 22, the New York Department of Financial Services (the “NYDFS”) announced that it had filed administrative charges against First American Title Insurance Co. under the NYDFS Cybersecurity Regulation , marking the agency’s first enforcement action since the rules went into effect in March 2017. NYCRR 500.14(b):

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Cybersecurity Risk Financial Services Insurance 85

The Last Watchdog

OCTOBER 5, 2023

Editor’s note: I recently had the chance to participate in a discussion about the overall state of privacy and cybersecurity with Erin Kapczynski, OneRep’s senior vice president of B2B marketing. How did you first get interested in cybersecurity as a career? Erin: So, let’s get started. What drew you to this field?

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Cybersecurity Privacy Cloud IoT 203

Krebs on Security

JULY 19, 2021

Experts say the biggest reason ransomware targets and/or their insurance providers still pay when they already have reliable backups is that nobody at the victim organization bothered to test in advance how long this data restoration process might take. “That is still somewhat rare,” Wosar said.

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Ransomware Encryption Insurance Cybersecurity 343

Data Protection Report

FEBRUARY 27, 2020

Given the level of interest in the case, we have prepared a deeper-dive into the facts and the implications of the decision, with a focus on the important role played in the case by cyber insurance. Until recently, there had not been an example of a cyber insurer actively participating in a recovery action. This is set out below.

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Insurance Risk Data breaches Personal data 81

Data Matters

APRIL 20, 2021

There just may be a new cybersecurity regulator in town. Department of Labor (DOL) published its first cybersecurity guidance last week ( Cybersecurity Guidance ). The Cybersecurity Guidance is set forth in three parts: Tips for Hiring a Service Provider , directed toward plan sponsors and fiduciaries.

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Cybersecurity Insurance Risk Compliance 68

HL Chronicle of Data Protection

FEBRUARY 25, 2020

Companies should take note of two imminent developments in New York in the area of cybersecurity regulation: enforcement of the New York Department of Financial Services (NYDFS) Cybersecurity Regulation (Regulation) and the effective date of the Stop Hacks and Improve Electronic Data Security Act (SHIELD Act or Act).

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Cybersecurity Financial Services Data breaches Insurance 104

eSecurity Planet

JULY 12, 2022

Screens then started to display a ransom demand, which said files had been encrypted by the NetWalker ransomware virus. As we didn’t have a comprehensive cybersecurity plan in place, the attack brought the entire business to its knees.”. Cyber Insurer Provides Help. The ransom demand was $3.6 Most had been infected.

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Ransomware Insurance Cybersecurity Passwords 144

Krebs on Security

OCTOBER 28, 2020

Ransomware attackers often spend weeks or months inside of a target’s network before attempting to deploy malware across the network that encrypts servers and desktop systems unless and until a ransom demand is met. He declined to comment on the particulars of the extortion incident. ”

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Ransomware Security Agriculture Cybersecurity 341

Krebs on Security

FEBRUARY 20, 2024

The government says Russian national Artur Sungatov used LockBit ransomware against victims in manufacturing, logistics, insurance and other companies throughout the United States. ” Mark Stockley , cybersecurity evangelist at the security firm Malwarebytes, said the NCA is obviously trolling the LockBit group and LockBitSupp.

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Ransomware Encryption Insurance Manufacturing 266

Krebs on Security

DECEMBER 8, 2022

Alex Holden is founder of Hold Security , a Milwaukee-based cybersecurity firm. First spotted in mid-August 2022 , Venus is known for hacking into victims’ publicly-exposed Remote Desktop services to encrypt Windows devices. Encrypting sensitive data wherever possible. “ Cl0p ” a.k.a. healthcare organizations.

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Ransomware Metadata Insurance Encryption 257

Thales Cloud Protection & Licensing

MAY 9, 2022

While implementation of security technologies such as multi-factor authentication and encryption have slightly increased, we have not yet reached the level where the majority of applications, data and operational technology are fully protected. Therefore, immediate action is needed to deploy more robust cybersecurity strategies.

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Insurance Ransomware Encryption Authentication 71

Security Affairs

OCTOBER 1, 2023

The threat actors also claim to have stolen over 27 TB of corporate data and encrypted the company’s VMWare ESXi virtual machines during the attack.” Immediately after detecting the intrusion, the company launched an investigation with the help of leading third-party cybersecurity experts and is also coordinating with its insurers.

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eSecurity Planet

JUNE 16, 2022

Cyber criminals may damage, destroy, steal, encrypt, expose, or leak data as well as cause harm to a system. Encrypted threats spiked 167%, ransomware increased 105%, and 5.4 CEOs who say that cybersecurity is the biggest threat to short-term growth have doubled in the past year. The average cost of a breach is $3.6

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Security Affairs

MAY 15, 2023

Compromised organizations operate in different business verticals, including manufacturing, wealth management, insurance providers, and pharmaceuticals. The ransomware supports intermittent encryption to speed up the encryption process. This process encrypts only a certain part of the source file’s contents, not the entire file.”

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Ransomware Encryption Healthcare Insurance 87

Data Matters

AUGUST 27, 2018

Companies subject to New York’s Cybersecurity Regulation are acting quickly to finalize their compliance obligations as the fifth “due date,” September 4, 2018, quickly approaches. The NYDFS Cybersecurity Regulation (published at 23 NYCRR 500.01) sets forth the minimum requirements for NYDFS-regulated entities to address cybersecurity risks.

Cybersecurity 60

Cybersecurity Compliance Encryption Risk 60

eSecurity Planet

MAY 26, 2023

Confidential computing is a technology and technique that encrypts and stores an organization’s most sensitive data in a secure portion of a computer’s processor — known as the Trusted Execution Environment (TEE) — while it’s processed and in use. Most other encryption approaches protect data at rest and data in transit only.

Encryption 93

Encryption Cloud IoT Blockchain 93

eSecurity Planet

OCTOBER 5, 2021

Basic cybersecurity defenses still apply: next generation firewalls (NGFW) , endpoint detection and response (EDR) platforms, employee cybersecurity training , patching. The focus is on recovering deleted and encrypted files as quickly as possible. Data is recovered remotely or returned on encrypted media. Touchstone.

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Ransomware Encryption Cybersecurity Insurance 139

Thales Cloud Protection & Licensing

JUNE 15, 2023

The most effective way to ensure data security is through encryption and proper key management. Key Management as a Service (KMaaS) allows companies to manage encryption keys more effectively through a cloud-based solution instead of running the service on physical, on-premises hardware.

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Encryption Compliance Cloud Authentication 133

Security Affairs

SEPTEMBER 23, 2023

The command-and-control beacons allowed Royal to prepare the City’s network resources for the May 03, 2023, ransomware encryption attack.” The City immediately initiated mitigation efforts after the discovery of the attack and it started restoring its services with the help of external cybersecurity experts.

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Ransomware Encryption Systems administration Cybersecurity 107

Security Affairs

OCTOBER 9, 2021

CMG immediately launched an investigation with the support of law enforcement, it also hired leading cybersecurity experts to determine the extent of the attack. “On June 3, 2021, CMG experienced a ransomware incident in which a small percentage of servers in its network were encrypted by a malicious threat actor.

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Ransomware Insurance Encryption Authentication 102

Security Affairs

SEPTEMBER 28, 2023

“The threat actors also claim to have stolen over 27 TB of corporate data and encrypted the company’s VMWare ESXi virtual machines during the attack.” Johnson Controls International announced it has suffered a ransomware attack that impacted many systems of the company, Bleeping Computer reported.

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Ransomware Insurance Cybersecurity Encryption 118

eSecurity Planet

OCTOBER 18, 2021

A lawsuit working its way through the courts could have a lot to say about the liabilities facing organizations that have been hit by ransomware attacks – and could have implications for cybersecurity preparation and regulation in general. ” Cyber Insurance No Longer Reliable. “And the war can be multi-pronged.

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Ransomware Insurance Digital transformation Cybersecurity 103

IBM Big Data Hub

JANUARY 22, 2024

The photo will expedite the recovery process and help when filing a police report or a possible claim with your insurance company. Hackers know this might be your first instinct, and some types of ransomware notice restart attempts and cause additional harm, like damaging Windows or deleting encrypted files.

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Ransomware Encryption Analytics Data breaches 116

Security Affairs

MAY 7, 2023

The Los Angeles Times reported that San Bernardino County paid half the total of the ransom ($511,852), while the remaining part was covered by the insurance carrier. The ransom was paid to “restore the system’s full functionality and secure any data involved in the breach.” We are in the final!

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Ransomware Insurance Encryption Cybersecurity 97